Grab’s pending listing through the largest-ever special purpose acquisition company (Spac) merger, raising $4.5 billion in a deal that values the company at around $38.9 billion, spares the southeast Asian ride-hailing fintech from having to draft a comprehensive listing prospectus.
But the listing has at least prompted the publication of a detailed investor presentation that sheds new light on the company and the new norms enabled by Spac structures.
You have to get a long way into the appendix, to page 50, to get to the meat, but there you find something striking.
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